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There's no hope for ETH? Like me, No hope on where should I invest in crypto, I totally hate myself because of this lack of knowledge about cryptocurrency. I've wasted a lot of money, Can somebody help me?

What a genius comment. No we wont see a 1000x of total market cap (or 100 trillion dollars market cap) but for sure some alt coins will pump 100x or more. And who realistically expects a 1000x profit? You wouldve waited 10 years for bitcoin to do that.

I don't believe this, If that day comes Ethereum will become successful. I believe they will do their best to make things happen and it will continue to grow. Nowadays there's a lot interested people to join in blockchain and cryptocurrency community because of its positive impact.

ETH price experiencing disaster this days. This year (January) the price reaches $1300 now take a look at ETH price its only $198.. Some take it as a right time to buy but some are afraid. Well, Let's see soon if we could reach it again even that's too hard to gain again.. Due to many cryptocurrencies now makes their own blockchain which affect the ETH price.. Still hoping for the benefits of all.

Yeah i think it is going to be in the implementations side of thing now.

I’m happy with 10x

Are you telling me I won't become a multimillionaire overnight? Wtf, Vitalik!

No problem, I'm happy with 8x

Yeah, maybe for ETH

Seems like an empty article that's doing nothing but trying to reassure scared money. No new updates on how things will go, no talks of price increases, etc. Its just this guys saying "hey, were not going to see gains like you guys want or expect." No confidence in his own project or speculation about a successful future

Nothing wrong with it, everyone should just see it for what it is. Only the cryptos with partnerships and actual use cases will move forward. Who knows, maybe all of them will be nonexistent in 5 to 10 years. Maybe theyll dominate the financial landscape. Only time will tell

Vitalik is projecting.

His chain don’t scale.

I'll take 100x growth, or even 10x then, thanks.

Because Vitalikoin is languishing?

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: lambolifeofficial

"Vitalik says 1000X gains are over!"

Ok, I'll take 100X, I'm not that needy.

Bitcoin has swallowed up a lot of the crypto marketshare.

Maybe for ETH, but not crypto.

Well.. This was a fun experiment I guess.

They are over for ETH because their PoW and gas system does not scale and PoS sucks anyway.

There is only ->1<- cryptocurrency that can still see explosive growth medium term and that is the one that will make real the dream of peer to peer electronic cash, and he knows it

Another awful zerohedge piece. I don't appreciate people equating economic loss with pain. Crypto holders can suffer all the pain in the world and I couldn't care less. People suffering real pain, physical and mental, on the other hand, get my sympathy.

This is Vitalik's "You will only ever need 640k" moment.

Bch 1000x is 500k/BCH within 20 years is a 10T market cap.

Ethereum is falling likely because many ICOs are completing 1 year of locked coins and founders are now dumping.

This was absolutely predicted. Tezos alone has a metric ton of ethereum to dump.

I survived the 2014 bear market. They say not to buy until there is blood in the streets.

I have yet to truly see blood in the streets proceeding the 2017 bull run. Yes, the bubble popped. But it wasn't bloody. You won't see blood until the long-term support breaks. And we're just now close to touching that support level. Each bounce up has less and less momentum. I would be shocked if this bear market turned bull without the kind of capitulation that has historically been warranted for Bitcoin/crypto. But who knows. Maybe this time it will be different. I personally don't think we can have another bull run until Tether finally collapses.

I think we found the eth killer

2017 articel.... FUD

Some might see SEC incoming hard?

The same (from his statement) applies to other top cryptos.

$5K is coming soon to BTC, that store of (declining) value.

Ethereum Plummets After Someone Decides To Sell Bitcoin In The Open Market.

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: awless

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High Times has one of the worst web pages of all of cannabis culture.

Where did you see that? Sounds interesting anyway

Asking for upvotes = nope

🤣

ETH has fucked me

Hahahaha

just have to be patient. some of the smartest people in the world on working on ETH.

Prediction: this won't be deliveried for a long time. Newer protocols will surpass ETH and it won't take much to migrate existing tokens across from ERC20 once a new platform proves itself.

Lots of white people mostly

Yep! Great summary! Thanks for creating this!

Even though BTC is the grand daddy, when I came in to crypto, ETH was the one that made the most sense to me. Looking forward to the revival of Ethereum.

Lamden TAU

Seriously, who cares... anyone who HODLed ethereum since last year is now losing money.

Fuck the project, 99% of people into crpyto are more concerned with USDchain.

Basic knowledge here, this doesn’t mean there will be a fork will it? I own bitcoin and ether, and just get anxiety whenever I go to any sub that isn’t ether based because of the amount of animosity between the bitcoin cash and bitcoin crowd. As a novice in the space it just leaves me feeling totally lost and unsure of my initial interest.

Great write up, thanks!

Check out Holochain.

Shouldn't it be 3.0? I thought eth classic was considered 1.0

How would it even be improved?

And Boom!

Is this a rhetorical question? Rong Chen and the gang over at Elastos, that's who.

I was actually about to type Boom also... 😶

The IOTA Foundation ^^^HAHA

Question..does the Ethereum Foundation team also reference Ethereum 2.0 or is that a phrase that outsiders have started to adopt? Is Ethereum 2.0 essentially Serenity?

Boom 👍

Lambo

when lambo

Etheruem team of course

Awesome summary that gives any layperson a great snapshot of where ETH is going. Kudos!

Big Data tools for Ethereum blockchain sounds fantastic. Opens up a lot of opportunities for improvement, especially with the architecture and "economic" predictions and analytics. Wonder how dexes and liquidity networks would benefit from this

Very interesting guys! Keep up the good work!

It's great to see steady progress. Kudos to all involved.

Does anyone know if there is existing atomic swap supporting software for BTC-ETH? And for that matter, are there any atomic swap supporting exchanges?

so excited for grin

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Is the real grin live or is it just test net?

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: Toracs

Grin is live? Or still testnet?

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• [/r/cryptoall] First Ethereum <-> Grin atomic swap

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Very interesting indeed.

It'll be interesting to see how they will deal with MimbleWimble

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We're butters. We are by-products of a libertarian obsession. Stocks, bonds, currencies, these things don't concern me. What concerns me are Bitcoin, Ethereum, Ripple, some washed up cocaine abuser on twitter. Monero, Cardano, Tether, Litecoin.

Iota.

Fuck Iota. Iota's polishing the brass on the Titanic. It's all going down, man. So fuck off with your proofs of work and Byzantine Generals problems.

The author […] has previously done a Virtual Lapel Pin Sale (like an ICO) for his cause, “Fuck Nazis”, on top of Ethereum which faced both government censorship and censorship from the Ethereum community.

I guess he's not bitter about the experience though.

ETH is going to 0 and so is Bitcoin. Noticed the author of the piece is a Bitcoin core guy, and I just wanted to be sure to point out that the same problems that he claims plague mEth plague Bitcoin in certain respects too. Less the fact that BTC doesn't contain smart contracts in code being the big difference between the two. Just cause BTC is the horse this guy is backing doesn't mean it's immune to similar issues.

I think it will collapse because it's amateurish garbage wrapped in hubris then sold with utopian promises that are never delivered.

Whoever wrote that was sure hitting the weaseldust hard.

The bear market and altcoin crash is driving a flight to (relative) "quality". Nobody is going to want your shitcoin when they could have something that is more directly traded for hard cash.

Here’s a prediction. ETH — the asset, not the Ethereum Network itself — will go to zero.

If ETH goes to zero there's literally nothing that incentivises PoW (or PoS if that will ever happen).

The article is just pure handwaving without understanding a shit about what they're saying -- just like everything with creepto.

But I agree that the collapse of ETH is inevitable.

(he mentions later that ERC-20 tokens could be used for PoS, but that doesn't make any sense either)

[Link to vitalik's response to this article] (https://www.reddit.com/r/ethtrader/comments/9ch5ls/the_collapse_of_eth_is_inevitable_techcrunch_can/e5av470/)

Sorry, this is just my opinion. I have no research to offer other than my short time following the community, my experiments with other investments, and my inumberable conversations about Bitcoin with skeptics.

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see my post in this sub and on r/ethereum on why this article is total trash

Even if it would be feasible to get accurate, up-to-date & objective price information for every Ethereum token out there at the same time, a system relying on that would be extremely vulnerable to market manipulation. It just couldn't work in practice.

I don’t see this article being at all good for Stellar. Probably the worst timing with such positive news for Stellar, Rubin drops this on ETH.

No need to stir up a shit storm just let the tech talk. 🙄

The author doesn't understand Metcalfe's law

I don’t hold any ETH, but I hold XLM, it’s my main holding (65% of the whole assets) and support Stellar. But I really didn’t like the article and the way it titled at least. The whole piece is more than arguable. And the worst part is that Rubin, who is technical advisors at Stellar, acted in a kinda Tron-style. That’s not a good move, especially since the arguments are pretty arguable. The second time for the last couple of weeks when somebody from Stellar team shoots into rival.

Jeremy Rubin is currently a technical advisor to Stellar, a Bitcoin Core Contributor, investor and advisor to early-stage crypto startups, starting a company for Bitcoin scalability and privacy solutions, and a freelance consultant for cryptocurrency tech fundamentals and due diligence. Previously, Jeremy also co-founded the MIT Digital Currency Initiative, Scaling Bitcoin Conference series, and MIT Bitcoin $100 Airdrop.

vbuterin Ethereum - Vitalik Buterin answer

vbuterin Ethereum - Vitalik Buterin answer

Last sentance destroys his own argument.

​

"The only party disadvantaged is existing ETH holders." -- Which is virtually the whole ecosystem, including all the shitcoin ICOs that the author talks about who are HODLing ETH from their ICO sales.

​

NO STAKEHOLDERS would approve of a scheme the author suggests. Article is sensationalist garbage.

​

It's about as stupid as writing an article called "The collapse of BTC is inevitable because all BTC holders might simultaneously decide to burn all their tokens one day!!"

​

I think author fails to understand Metcalfe's law. Kinda the same as Paul Krugman.

i haven't read the article yet. but if it's a serious argument, why the clickbaity / fuddy title? it's a huge turn-off and completely unnecessary.

Copying my rebuttal from the /r/ethtrader thread:

I obviously have every incentive to disagree with this, but I think there are quite a few very critical economic and technical details that the article is missing.

TLDR: we are likely not doing full "economic abstraction".

Here is the core of their argument:

Suppose we’re building a new decentralized application, BuzzwordCoin. By default, following a standard ERC-20 Token template, every transaction on BuzzwordCoin will pay gas in $ETH. Requiring every BuzzwordCoin transaction to also depend on ETH for fees creates substantial risk, third party dependency, and artificial downwards pressure on the price of the underlying token (if one must sell BuzzwordCoin for ETH ahead of time to run a BuzzwordCoin transaction, then the sell-pressure will happen before the transaction requires it, and must be a larger sale than necessary to ensure sufficient funds to cover the transaction).

Instead of paying for Gas in ETH, we could make every BuzzwordCoin transaction deposit a small amount of BuzzwordCoin directly to the block’s miner’s address to pay for the contract’s execution. Paying for Gas in a non-ETH asset is sometimes referred to as economic abstraction in the Ethereum community.

In Ethereum as it presently exists, this is absolutely true, and in fact if Ethereum were not to change, all parts of the author's argument (except the part about proof of stake, which would not even apply to Ethereum as it is today) would be correct. However, the community is strongly considering two proposals, both of which have the property that they enshrine the need to pay ETH at protocol level, and furthermore the ETH gets burned, so there's no way to de-facto take it out of the loop by making the medium-of-exchange loop go faster. The proposals are:

• The modified fee market described in the draft paper here: https://ethresear.ch/t/draft-position-paper-on-resource-pricing/2838 , where average gas usage is targeted to 50% of a (2x higher than today) gas limit, using a self-adjusting minimum transaction fee to do the targeting, where the minimum fee gets burned. This fee would be charged to the block proposer, so the block proposer could charge fees in spankchain tokens or whatever other ERC20, but the block proposer would still be responsible for coming up with the ETH to pay the minfee.

• Storage maintenance fees (aka "rent"): pay N wei per byte per block to keep data in storage, or else it gets "hibernated" and you need to submit a Merkle proof to revive it. This fee also gets burned.

By my guesses, well over 2/3 of transaction fees paid could end up being burned through these mechanisms.

Without ETH, a modified version of Proof-of-Stake with a multitude of assets could still decide consensus if each node selects a weight vector for the voting power of all assets (let’s call it HD-PoS, or Heterogeneous Deposit Proof Of Stake). While it is an open research question to show under which conditions HD-PoS would maintain consensus, consensus may be possible if the weight vectors are similar enough.

I actually looked into this back in 2015, and heterogeneous deposit PoS is very hard (maybe impossible) to get right. The problem is, how does the protocol know the ratios between the values of the tokens? One could use an in-protocol decentralized exchange, but (i) this would need to be subsidized to be secure, and (ii) one can construct "pathological tokens" that have rules that are designed to treat any in-protocol penalties as a no-op. So doing this securely would possibly depend on some form of "on-chain governance", which is obviously a huge attack vector ( https://vitalik.ca/general/2018/03/28/plutocracy.html ).

So if the community is not doing HD-POS, then depositing ETH becomes the only way to get access to transaction fee revenues. So altogether, the equilibrium value of ETH in this scenario under even a standard "discounted future returns" model is very much nonzero.

Edit: just saw this:

Detractors of economic abstraction (notably, Vitalik Buterin) argue that the added complexity is not worth the ecosystem gains. This argument is absurd. If the software doesn’t support the needs of rational users, then the software should be amended. Furthermore, the actual wallet software required for any given token is made much more complex, as the wallet must manage balances in both ETH and the application’s token.

Economic abstraction can still happen at the user level; users could pay in spankchain tokens, but the block proposers would still need to cough up ETH. One could also use intermediate solutions, where third parties create "wrapper transactions" that take the fees for operations from users that are paid in spankchain tokens, and the third parties provide the ETH to the block proposer.

The collapse of this piece of shit article is inevitable.

The main argument here is that the value of ETH has to go to zero because economic abstraction will make it possible to use any kind of token so why bother using ETH.

I am no expert w.r.t. economic abstraction, however, my thinking is that even if economic abstraction is realised, it would still add additional complexity to the underlying mechanics (i.e., source code) of the Ethereum system when there is no real benefit to the functionality of the protocol (Level 1). You need ETH to for gas and you need it to make deposits for staking. You are also rewarded in ETH (whether it be POW or POS). Adding the functionality of supporting all sorts of tokens that can be used instead of ETH, adds inevitably more complexity to the protocol which increases probability of bugs and race conditions - which is clearly undesirable. You would probably also open the doors to all sorts of attempts to game the system. For example, pump prices of tokens, pay your gas with said token and then dump the token again, rinse and repeat - maybe that's a stupid example but my point is there would be so many more things possible, including ways to game the system.

So to me, while I think it's not necessarily technically infeasible, I think it's clearly not desirable to make a system that has to be rock-solid inherently more complex and thereby inherently less robust by adding unnecessary complexity.

This is going to age well.

The author is a Bitcoin Core developer according to his Facebook. Get out of here you troll.

You're too narrow minded. What is making this possible? Can you see the value in this one use case?

"By 2016, the digitalization of marketplace lending was worth $1.790 trillion. By 2025, this figure is expected to increase up to $83.460 trillion. The worldwide digitalization of the lending market is expected to experience a CAGR increase of more than 53% between 2017 and 2025."

&#x200B;

Even more, there's a more powerful force called network effect. The fact that you never mentioned anything about it leaves me dumbfounded.

Does anyone else find it interesting just how fast this fell off the front page?

"VEB employed and financed the defense of a Russian intelligence operative, Evgeny Buryakov, who was deported in April after pleading guilty and being sentenced in 2016 to 30 months in prison for his role in a spy ring. That ring also attempted in 2013 to recruit Carter Page, a foreign policy adviser to the Trump campaign who has sought to do business with Gazprom. Another Trump campaign adviser, Michael Caputo, did work for Gazprom Media in the early 2000s."

"The United States government is aware of the special role Russian banks play in advancing Moscow’s espionage efforts and foreign policy. That is almost certainly one reason the F.B.I. has been looking into computer communications between Alfa Bank, a private bank with close Kremlin ties, and the Trump Organization, as part of its broader investigation into Russian meddling in the 2016 election."

https://www.google.com/amp/s/mobile.nytimes.com/2017/06/08/opinion/jared-kushner-russia-veb.amp.html

How yuuuuuge is that??

what could possibly go wrong working with a centralized state owned bank. that's exactly the shit I try to avoid by using crypto

So when is it going to be with $3 again? I keep missing out!!!

Well that explains the rising prices. Insider trading is basically everywhere in crypto.

great

This is just the beginning guys. ETH might take over Bitcoin in a year. Just look at all the ICOs. They are all gonna need a lots of ETH

Love how the Ethereum Foundation is making positive moves for the community.

Everytime that there's some ethereum news related to Russia, I see very concerned people speaking here like they are selling their soul to the devil. Come on guys, what is this? Russia is bad, America is good? Wtf

This article is inaccurate and a correction will be forthcoming.

Not speaking on behalf of the Ethereum Foundation, but based on what I've heard.

Finally, news that can bring Ethereum to an All Time High and beyond.

How does the Foundation keep the influence of partners/customers like this from overshadowing, taking priority over and/or displacing developments that benefit the overall Ethereum community as a whole?

Another way of asking, how does the Foundation prevent partners/clients like this from benefitting at the expense of the Ethereum community?

GAME OVER. GO HOME AND CRY TO MAMA.

PS ALL: RUSSIA itself has a 1 trillion gdp

epic development

unlike bitCON, eth continues to make strides to justify its market cap and more

The great Ethereum scam gets even scammier!!

Nice

KABOOM!

I like the official name of the conference, during which this agreement was signed:

"Blockchain - new oil of Russia"

Also what's important to note, is that this bank is not a private bank, it's a government bank, 100% state owned.

Very bullish!

here's a much more nuanced debate on the topic: https://www.reddit.com/r/ethereum/comments/6wzg46/coindesk_ethereum_foundation_strikes_deal_with/

while we're only circle-jerking ourselves into another frenzy.

A bank is investing in ethereum development... Reminds me of AXA and bitcoin...

GG

Now only if he can get that oaf trump to understand what blockchain is :)

u/vbuterin , I highly recommend you hire ex-intelligence community consultants to assess EF's risk in this deal. Contact @20committee on twitter perhaps.

Simon will be in the news one day - "The guy who locked up 5 ether in October 2015 till the year 2065" ..

I gave up on hosting a full ETH node because I couldn't keep up with bandwidth/storage anymore.

My sci-fi short story was in my flair but now that flair is gone.

The story when decoded gave the following result:

Orignally from: @simondlr/a-letter-to-pat-ara-at-block-6127192-c0fbf23a50b1">https://medium.com/@simondlr/a-letter-to-pat-ara-at-block-6127192-c0fbf23a50b1 Ether to store this donated by: linagee

Today, I really miss you, brother & sister. I’ll keep the scent of last night’s party around a while longer, since the whiskey helps me remember; Pat, you always liked a nice shot of Irish whiskey. I know I shouldn’t, but I’m going on another trip today. I’ve already got my headset plugged in.

I’m not quite sure what is better brother & sister? The fact that you died before the information markets came to fruition or like you, Ara, where it captured so much of you. I don’t remember much so I’m still free to imagine, but to see you so clearly, Ara, it’s intoxicating.

I wonder how many other people feel the same? I don’t quite think we realised what we were getting into back in the day. We started creating these prediction markets on blockchain ecosystems. Not content with the same continuous theme of trust, we somehow invented this market where we could sell & buy accurate information in order to more accurately predict the future. We thought we would only care about things like Soccer matches, celebrity baby names & the weather… except, modelling the externalities became so useful, we started feeding more & more of reality into this information market.

You were always quite ahead of the curve, Pat, evident that you managed to start drinking that awful peaty whiskey before everyone else did. I’m glad you were. I’ve seen your early imprints in the information market & you started reporting on various whiskey prices, including that peaty one. You were even one of the 1st 100000 people who posted some graffiti in the Terra Nullius contract! “Pat is here, but doesn’t like beer! Block 1200141” Akasha Corp has been improving their modelling techniques of the early chains. Each time I go on a trip, I see a new side of you. They never model you with a beer.

You became much clearer when you started dispatching your own drones to help report. For a few thousand blocks you were so real! It’s frustrating, so frustrating that your image just disappears so abruptly. Block 3401115… I can see the events automatically settle your will. Your drones were released back onto the markets, and then, just like that, you are gone. I’ve thought of paying for a predicted chain fork where you are still alive, but I can’t. Not yet.

Ara, today, I miss the chats we had over the candles when the regular loadshedding happened. It’s funny to see the obvious gaps in the chain when we weren’t busy reporting. It feels like our little treehouse hideaway. At first, Akasha, simply showed me a black screen (which is probably more accurate in retrospect). Over time, they’ve processed the social links & reputation you recorded. The SnapPhoto Markets, from the town next to us, also started providing some incredibly small details. When they first showed me what they expected happened when the lights went out, I threw up. To see that intimate moment again, and to see it done so wrongly. Both shocked, elated and angered. You ate salted chocolate the 1st time. You hated salted chocolate.

It’s gotten better though. A lot better… Sometimes I wonder if this mirror of reality we captured on this decentralized information/time layer, whatever you want to call it, is more accurate than my own memories? Maybe the simulated reflection from Akasha is more real? Either way, it doesn’t detract from the fact that I’m missing you.

Your end, Ara, isn’t any less abrupt than Pat’s. The releases were more grand though. I can see it cascading in the 10 blocks after your death. Your equity in the borgs (blockhain organisations), your delegations, your rights to the remixes by Allen & Air, your equity in the SnapPhoto Market contract code (btw, very nice guess there!), your keys to your apartment & your items in Perma 2.

I wish you could see how Perma 2 looks like these days. Akasha has applied the same modelling techniques to the perma world game you loved so much! It’s funny to see us there in Perma 2. Gallivanting across some cliffs. It’s not quite what I imagined back then, but you look happy. Perma 2 is a lot bigger now. It’s estimated at least 15% of people spend more than 70% of their time in Perma 2 instead of “real life”.

I should probably take a SnapPhoto of this letter and publish it to the markets. It will help Akasha to model. But I don’t know who to share this letter with. If it is just me, I don’t get the extra tokens. I want to share it with you, Pat & Ara. You’ve been released from the chain a while back (yes, it’s a pun, sorry). I’ve contemplated creating new personas for you with the packages I can buy, but it honestly feels pathetic. I would be sitting, playing make believe with some AI puppets, interacting with the blockchain just so that I can simulate you back again. I’ve gotten weaker, and I suspect others have as well, but I reckon you both would be mad at me for this… even just for caving when I have a hangover and Sunday blues.

That’s what I think at least. This mirror that’s only a headset away… Would you have also caved in? I didn’t think I ever would, but here I am… again with a hangover, keeping the whiskey around, staring at my headset.

I guess it’s like most things in life. As time goes on, with each new block, the frayed rope of the future, gets knotted in sequence. And then, the older you get, the less you care a lot, about a lot, and care more about less.

So, today I’m caring more about less. You, Pat & Ara. I’m almost there. I just need to submit some photos of this party with SnapPhoto (the market introduced some new timing demands). The empty whiskey bottles will help my prediction about the sales! Well… It’s not all empty. I kept one for you Pat. And Ara, I’m going to light some candles!

Today, I miss you. You are not here while block 6127192 is being minted, but you were here. One day, I will also join the mirror at some future block. But for now, I’m coming to visit. I’m taking another trip.

A message along with a hash of this story was embedded on the Ethereum blockchain, using the Terra Nullius contract. It was published at block 111856.

terra_nullius.claims.call(11) [‘0x16893e10b99a59afd2c60331e0b49241d4d4d7cc’, ‘A Letter To Pat And Ara: e62b8b2818cef9c8f49e1cf3d70ca9271643b3846f5cc67308f082d9cbca7fa0’, ‘111856’]

I also shitposted a ton of My Little Pony jibberish to a contract pyramid game that received text, in some block of the frontier release.

Just because it's on a blockchain doesn't make it better.

eth was 92 cents at the time D: , I was marginally younger, stupider, and full of bullshit, FORGIVE ME FOR MY SHITPOST

Jeez...some people will do anything to get you to read their shit!

Can things be removed from the block chain? Makes me wonder what stops someone from placing illegal stuff stored on a blockchain like instructions on how to build a nuke or leaked social security numbers or whatever?

insert joke about current size of blockchain

Cool! But saying it is "Google" that is exploring this is an overstatement. It's a few developers that work for Google. They played around with data and technology they have at hand. Which is amazing. But why pump?

1400$ if true

WHoa, I love that Google has taken such an interest in Ethereum. It is clear they see value in using their Big Data tools on the Ethereum blockchain.

Can somebody explain this to me in the common language? What exactly is the use for this google is saying?

Google has zero interest in a decentralized world they cant profit from. End of story.

Cool

But they're switching to POS?